World-leading H₂ supplier and global industrial gases company Air Products and world-leading crop nutrition and ammonia company Yara International ASA are working to combine Air Products’ industrial gas capabilities and low-emission H₂ with Yara’s ammonia production and distribution network.

Louisiana Clean Energy Complex: Air Products is developing the world’s largest low-carbon energy complex in the state of Louisiana. The complex is designed to produce > 750 MMft³d of low-carbon H₂, capturing 95% of the carbon dioxide (CO₂) generated during normal operation.

Air Products is the project developer and once the ammonia plant has achieved agreed upon performance levels, Yara would acquire the ammonia production, storage and shipping facilities for approximately 25% of the total project cost (estimated between $8 B–$9 B). Yara would assume responsibility for related operations and integrate the entire ammonia output into its global distribution network.

Air Products would own and operate the industrial gases production, where approximately 80% of the low-carbon H₂ would be supplied to Yara under a 25-yr long-term offtake agreement to produce 2.8 MMtpy of low-carbon ammonia. The remaining H₂ would be supplied to Air Products’ customers in the U.S. Gulf Coast via Air Products’ 700-mile H₂ pipeline system. About 5 MMtpy of high purity CO₂ captured by the Air Products facility would be sequestered by a third party under a long-term agreement to be announced later.

Final investment decisions by both companies are targeted by mid-2026, and project completion is expected by 2030.

NEOM Green H₂ Project: The NEOM Green H₂ Project in Saudi Arabia is more than 90% complete and is expected to start commercial production in 2027. Air Products is the sole offtaker of up to 1.2 MMtpy of renewable ammonia.

Air Products and Yara anticipate entering into a marketing and distribution agreement where Yara would commercialize, on a commission basis, the ammonia not sold by Air Products as renewable H₂ in Europe. The model maximizes value for both companies and enables ammonia from the world’s first large-scale renewable ammonia plant to be delivered worldwide by Yara’s unparalleled shipping fleet. The marketing and distribution agreement is targeted to be completed during the first half of 2026.

Yara is the world’s largest trader and shipper of ammonia, currently transporting more than 4 metric MMtpy, which is supported by Yara’s 12 ammonia vessels and 18 import terminals. In addition, Yara has a significant internal ammonia demand. Air Products is the world’s largest supplier of H₂ and brings leading low-emission H₂ and ammonia production at scale. The collaboration would enable the companies to meet the increasing demand for low-emission ammonia in the coming years, particularly in Europe both for Yara's internal consumption and other customers.

“We are pleased to be working with Yara, the world’s leading fertilizer company, as we advance the global low-emission ammonia market and maximize value from our projects in Louisiana and Saudi Arabia,” said Air Products’ Chief Executive Officer Eduardo Menezes.

“Air Products’ two advanced projects are a strong strategic fit with Yara’s flexible nitrogen system – enabling energy diversification and profitable decarbonization while aligning with our disciplined capital allocation policy. The Louisiana project builds on a proven, capital-efficient model; producing ammonia from externally sourced H₂ and delivering strong returns,” said Yara’s CEO Svein Tore Holsether.